Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1887-12-08

June next.
USE FOR THE SURPLUS.
One use which can be made OF this
money is to diminish taxation to such an
extent that the annual revenues Will be
less for same years to come than the appro-
priations, thus the accumulated surplus
would be used for ordinary purposes and
the people would gain the greatest possible
good from it. Doubtless by the time this
money was spent in pursuance of this
plan, the revenue would have so
Increased as to be equal to
proper annual expenses. Experience
teaches that this would probably he the
case. In the meantime portion Of this
could lie in banks where it would be
available for the business of the country,
and upon withdrawal from them it would
be at once returned to channels of business
through government payments. No shock
would be caused through such withdrawal.
As this is the best use TO make of this
money, | advise it. If, however, it Is
thought better TO attempt to buy bonds
with it, / should like 10 have specific
authority given TO the Secretary of the
Treasury to do so"
EXPORTS AND IMPORTS.
The values of our imports from and ex-
ports to foreign countries during the year
ended June 80, 1857, as compared with the
preceding fiscal year, have been as follows:
MERCHANDISE.
Exports
65,s6I,529 SO3,O22 g2&
FOreigu................... l356O$Ol l3ltO,2SS
Total. ..............S61g, ,524 %O sI6lh32ll
Imports CSJi3O, 80 OJ-,"iS,'V>
:.Excess Of exports ..... 4iOsS,Gyi .. sd3,4i3
The value OF our exports of domestic
merchandise during the last tiscal year ex-
ceeded that OF 1855 by $37, ,O5S 39i.
The total value OF the imports Of n.er-
chandise, increased from $685., 436, 1876 in
1886 to SGJ2, BIS, ,7Gs, being an increase OF
$56, SS3, $50, or per cent, OF which VI,
06l ,S3l represents the increase in the value
of dutiable imports.
Iron and steel
and msuuiaC-
lures OF. lNN" lNNi. increase
urcs......... .......s I.3l2&. 2.lIll4N 7g9.yuG
Pig iron ............ i,Oil, ,61 G,5lO,l@ 2i|N, -"
'SdSt, s,etel..... ..o" "D1 57.io2 3.7@El 3I66OSs
iron andstecl 27tS7s l,OOo32J 72545l
DC, &C., of steel steel, l&9SE 5,52a7Oi 8.G9S77
All other......... 3O,5s5.sNl 3,7i3,22S l,ljI27
- -
Total....... S3S,C3l,7G7 SjOGlS,gS6 Sll,9S7,2O9
Wool and man.
woois .sI3 79L2I3 SI6a5l $40 s2,557l57
Manufactures. 40,5&65U9 4l,23j2ii 3G9S 155
------ - -
Total ........... y, ,33O7 722 6O.5SG,Gl4 62i5,N|2
Our foreign commerce, carried in vessels
OF the United States, measured by its value,
has steadily declined from IS per cent in
1856 to less than IA per cent IN 1857.
Even Of this small percentage less than
one-half was carried on steam vessels
bearing our flag
The circulation OF coin and paper in de-
nominations Of twenty dollars and less,
from July |, 1856, to November l, 1887,
showsa net decrease of about SlO9, 600, 900;
thus nearly the whole of the increased
circulation was in the form of small money.
THE SILVER HDI.LAR.
One Ot the most inter, sting facts shown
by the fOregOing statement is the decrease
in the number of standard silver dollars
owned by the Governs rcnt and the in
creased use of the same I"Oney by the peO-
pie in the form OF silver certificates. fhe
tive, two and one dollar certificates furnish
ii convenient currency, and it is evident
that the future use OF tht silver dollar will
be almost exclusively in that form.
1t would be neglect .if duty did | not
recall the attention of the Congress to GER
tain safeguards which oitght to be thrown
about the standard silver dollar to protect
from possible loss the people among whom
il and its representative, the certificate, is
so universally distributed.
Provision should be made against time
when there may be more of that form of
money than is required or the business of
the country. The first tymptom of this
will be increasing ownership Of silver by
the Government; this Increase will take
place because the Government pays to the
people that kind OF currency which they
wish to have and receives from them that
kind which they wish to pay; consequent
ly, the Government viii accumulate the
form of money which the public LEAST de-
sires.
Daring the year 225 new national banks
have been organized and thirty-three have
closed.
The report then gives details OF the mar
inc denartmppts coast suTyey &c